Funding arb · Price arb /

BCH

all BCH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0134%/8h= +14.7% APRpaid last 24h +0.042%

Price spread now: KuCoin against Kraken Futures+0.011%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.624% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.011%, 7d avg −0.031%

Together, before fees+0.172%+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.042% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_BCHUSD	264.10	−0.0220	get 0.0028% / 1h	22m 33s	$857K	$2.7M	50x
Short	KuCoin BCHUSDTM	264.13	−0.0086	pay 0.0086% / 8h	22m 33s	$8.4M	$6.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $28.17
Price spread: +0.011% → −0.031%: $4.17
Slippage, 4 orders: −$40.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.06
Costs to cover: 0.624%
Break-even: 14.5 days

Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures live order book, 1 min ago	6.44 bp	16.9 bp −$17	25.8 bp −$258	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	2.26 bp	17.8 bp −$18	60.6 bp −$606	doesn't fit	doesn't fit

BCH on 32 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX BCH-USD	−0.0361%	1h	263.85	−0.096%	$2K	$8K	10x	as long as short
Kraken Futures PF_BCHUSDlong	−0.0220%	1h	264.10	long leg	$857K	$2.7M	50x
Phemex BCHUSDT	−0.0152%	8h	263.98	−0.046%	$4.9M	$6.5M	50x	as long as short
Variational Omni BCH	−0.0128%	8h	263.90	−0.076%	$81K	$196K	—	as long as short
Bybit BCHUSDT	−0.0110%	8h	263.79	−0.118%	$38.8M	$30.9M	75x	as long as short
HTX BCH-USDT	−0.0090%	8h	263.85	−0.096%	$771K	$1.4M	75x	as long as short
KuCoin BCHUSDTMshort	−0.0086%	8h	264.13	+0.011%	$8.4M	$6.3M	75x
Bitget BCHUSDT	−0.0076%	8h	264.04	−0.024%	$19.1M	$27.1M	75x	as long as short
OKX BCH-USDT-SWAP	−0.0066%	8h	263.70	−0.152%	$25.1M	$76.0M	50x	as long as short
Extended BCH-USD	−0.0056%	1h	263.81	−0.113%	$110K	$907K	25x	as long as short

Show all 32 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BCH_USDT	−0.0053%	8h	264.41	+0.117%	$70.6M	$8.9M	200x	as long as short
Binance BCHUSDT	−0.0053%	8h	263.92	−0.070%	$72.8M	$212.6M	75x	as long as short
GRVT BCH_USDT_Perp	−0.0043%	8h	264.06	−0.016%	$385K	$17K	10x	as long as short
BingX BCH-USDT	−0.0041%	8h	263.94	−0.061%	—	$15.3M	—	as long as short
Gate BCH_USDT	−0.0027%	8h	264.04	−0.024%	$8.3M	$13.6M	75x	as long as short
gTrade (Gains Network) BCH/USD	L −0.0004% / S +0.0007%	1h	264.03	−0.026%	$15K	—	150x	as long as short
Pacifica BCH	−0.0003%	1h	264.02	−0.031%	$158K	$293K	10x	as long as short
dYdX BCH-USD	0.0000%	1h	264.13	+0.012%	$5K	$240	10x	as long as short
Kalshi KXBCHPERP	0.0000%	8h	263.99	−0.042%	$993K	$9.7M	2.7x	as long as short
Deribit BCH_USDC-PERPETUAL	0.0000%	1h	263.95	−0.059%	$425K	$348K	25x	as long as short
Aster BCHUSDT	+0.0017%	8h	264.07	−0.012%	$136K	$582K	75x	as long as short
Injective BCH/USDC PERP	+0.0033%	1h	270.20	+2.309%	$721	$130K	12x	as long as short
Orderly PERP_BCH_USDC	+0.0046%	8h	263.80	−0.114%	$2K	$176	10x	as long as short
BloFin BCH-USDT	+0.0066%	8h	263.88	−0.084%	$3.5M	$4.5M	50x	as long as short
Nado BCH-PERP	+0.0071%	1h	264.00	−0.037%	$433K	$350K	10x	as long as short
Coinbase International BCH-PERP-INTX	+0.0088%	1h	265.05	+0.359%	$246K	$1.9M	50x	as long as short
Lighter BCH	+0.0096%	1h	264.09	−0.003%	$352K	$469K	10x	as long as short
Hyperliquid BCH	+0.0100%	1h	263.99	−0.042%	$5.7M	$4.6M	10x	as long as short
edgeX BCHUSDC	+0.0100%	4h	263.98	−0.047%	$18K	$344K	20x	as long as short
ApeX Omni BCHUSDT	+0.0100%	1h	264.10	−0.001%	$95K	$242K	50x	as long as short
SunX BCH-USDT	+0.0100%	8h	263.68	−0.160%	$1K	$1.6M	30x	as long as short
GMX BCH/USD [WBTC.b-USDC]	L +0.0202% / S −0.0147%	1h	264.20	+0.036%	$12K	—	100x	as long as short